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Bloomberg: “The #AI #building #boom is #inflationary. The #energy and #food #shocks are inflationary. #Tariffs, #defensespending, and high #publicdebt can be inflationary.” - #KristalinaGeorgieva Managing director, #InternationalMonetaryFund #inflation
i've browsed a lot of wikipedia entries for "normal rich" types of people, c-level guys & professors etc, and it's really striking how many of their families built wealth and prosperity off this kind of thing - casual, start-small business arrangements that are just literally not legal anymore
Zach Lahn keeps saying he’s a business builder and job creator. But what major businesses has he actually build, and how many jobs did he create? Investing in businesses isn’t the same as building them. He likes to really hammer that home but has no examples.
I really do love my job (offering written "no objections" on minor variance applications for all sixplex, houseplex 10-unit, etc., building proposals).
Online Shopping's Army of Stressed, Migrant Drivers via @thetyee.ca thetyee.ca/Analysis/202...
thetyee.ca Online Shopping’s Army of Stressed, Migrant Drivers | The Tyee
"Investors who SpaceX has previously approached about financing its multibillion-dollar chip purchase said they only received a short two-page deal memo with pictures of outer space and an arrow pointing out that the company was going to build data centres 'somewhere in the universe'."
ft.com SpaceX looks to raise $40bn to buy Nvidia chips
I don't even think you can call this "capitalism" anymore. their goal isn't making money; their goal is destroying everything around them. if they cared about making money we would be better off lol
When a company wants the government to intervene to prohibit third parties from publishing factual information about its prices, that's a bad look. Hard to believe that they're so sure that you, the customer, will be delighted by these pricing tactics that they can't bear to have these third parties ruin the surprise. 6/
Peter Thiel and the Palantir Menace
i just don't think a few companies should own All the things
Once the post-bubble bankruptcies turns equity into ashes and debt into equity, the new owners of a pile of extravagantly expensive, yet debt-free, infrastructure built in conditions of demand collapse and drop prices until a bottom is found. And then shall we will literally see some crazy shit.😬
i don’t think this is how mergers work
There really are two kinds of business owners: the kind that will yell at customers to protect their employees, and the kind that will yell at employees on behalf of customers. You wanna be (and work for) that first kind.
High Frequency Data: Recent Surge in Mortgage Rates Impacting Existing Home Supply and Demand Purchase Applications Down 15% YoY; Single Family Inventory Increases. calculatedrisk.substack.com/p/high-frequ...
calculatedrisk.substack.com High Frequency Data: Recent Surge in Mortgage Rates Impacting Existing Home Supply and Demand
It's positions out here even at lesser known orgs getting *THOUSANDS* of applicants. And those who desperately want/ need to leave their jobs feel like they can't do so because of the current market.
Capitalism working in a crisis. It's how the system is designed.
theguardian.com Shell expects refineries to almost double the profit from every barrel of fuel made
Grab a job while there are still any. ams.org/learning-careers/profd…
ams.org
the problem with capitalism is once a single corporation owns everything you really can't boycott shit anymore you gotta start [redact]ing people
I really only envy the rich one thing: the peace of mind that comes from knowing that if something happens you have the money to throw at a problem. Money does not solve all problems -- but it sure as hell makes dealing with problems that can't be avoided much easier. Someone's sick? You don't have to worry about paying medical bills, affording medications, etc. Somebody got drunk and plowed into your car last night? Sucks, but if you have enough money, it's just a minor hassle and not a catastrophe. Call a tow truck, your insurance, and rent a car while everything gets sorted out. Your ki
fed.brid.gy
"Tenants' ability to absorb further increases is really the dynamic that is limiting further rental growth” Landlords can and do charge whatever they can get away with, regardless of interest rates, regardless of tax breaks. Now they can’t push people any harder because we’re past breaking point.
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